Commodity Market Report
India coal short-term outlook January 2021: can V-shaped demand recovery be sustained?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
India has seen a V-shaped recovery in most of the industrial sectors since H2 2020. Thermal power generation and crude steel production not only improved in H2 versus H1, but also year-on-year. The Union budget announced by the Indian government for fiscal year 2021-22 is expected to provide further upside to demand. With economic momentum building up, both thermal and metallurgical coal demand will be higher in 2021 leading to a recovery in import levels. We expect firm power and steel demand in Q1 2021, with the remainder of the year supported by a strong economic outlook.
Table of contents
- Domestic spot prices gained momentum supported by firm seaborne prices
- Firm recovery in thermal coal demand
- Strong steel demand outlook will drive metallurgical coal demand
- Despite higher stocks, domestic coal production recouping
Tables and charts
This report includes the following images and tables:
- CIL performance in the spot market
- CFR India prices of imported coal
- Key thermal prices: history/forecast, nominal US$/t
- Key met prices: history/ forecast, nominal US$/t
- Monthly coal-fired generation
- Domestic coal stocks at power plants
- Monthly hot metal and steel production
- Imported coal stocks at power plants
- CIL raw coal production
- CIL coal despatches
- Seaborne thermal imports by origin
What's included
This report contains:
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